Siemens Fonds Invest GmbH Buys 8,631 Shares of Nasdaq, Inc. $NDAQ

Siemens Fonds Invest GmbH grew its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 18.0% during the 3rd quarter, Holdings Channel reports. The firm owned 56,630 shares of the financial services provider’s stock after purchasing an additional 8,631 shares during the quarter. Siemens Fonds Invest GmbH’s holdings in Nasdaq were worth $5,009,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in NDAQ. NorthRock Partners LLC boosted its position in Nasdaq by 91.6% in the third quarter. NorthRock Partners LLC now owns 14,767 shares of the financial services provider’s stock valued at $1,306,000 after buying an additional 7,060 shares in the last quarter. Comerica Bank increased its holdings in shares of Nasdaq by 2.8% during the third quarter. Comerica Bank now owns 163,860 shares of the financial services provider’s stock worth $14,493,000 after buying an additional 4,532 shares in the last quarter. Brown Brothers Harriman & Co. raised its stake in shares of Nasdaq by 7.3% in the third quarter. Brown Brothers Harriman & Co. now owns 4,876 shares of the financial services provider’s stock valued at $431,000 after acquiring an additional 332 shares during the last quarter. Marshall Wace LLP raised its stake in shares of Nasdaq by 90.1% in the third quarter. Marshall Wace LLP now owns 185,914 shares of the financial services provider’s stock valued at $16,444,000 after acquiring an additional 88,091 shares during the last quarter. Finally, Entropy Technologies LP boosted its holdings in shares of Nasdaq by 749.7% in the 3rd quarter. Entropy Technologies LP now owns 48,431 shares of the financial services provider’s stock worth $4,284,000 after acquiring an additional 42,731 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

Insider Activity

In other Nasdaq news, EVP John Zecca sold 4,500 shares of the company’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $100.01, for a total transaction of $450,045.00. Following the transaction, the executive vice president directly owned 125,674 shares in the company, valued at approximately $12,568,656.74. This represents a 3.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Adena T. Friedman sold 300,000 shares of the firm’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $96.91, for a total transaction of $29,073,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,924,903 shares in the company, valued at $186,542,349.73. This trade represents a 13.48% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 697,340 shares of company stock worth $66,803,072. 0.70% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Weiss Ratings restated a “buy (b-)” rating on shares of Nasdaq in a research report on Friday, January 9th. JPMorgan Chase & Co. boosted their price objective on Nasdaq from $100.00 to $101.00 and gave the stock an “overweight” rating in a research note on Friday, January 30th. Argus upgraded Nasdaq to a “strong-buy” rating in a report on Wednesday, February 11th. Barclays restated an “overweight” rating and issued a $115.00 target price (up from $114.00) on shares of Nasdaq in a research note on Friday, January 30th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $108.00 price target on shares of Nasdaq in a report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $103.80.

Nasdaq Stock Performance

NDAQ stock opened at $85.53 on Friday. The company has a 50 day moving average price of $90.63 and a 200 day moving average price of $90.74. Nasdaq, Inc. has a fifty-two week low of $64.84 and a fifty-two week high of $101.79. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $48.62 billion, a PE ratio of 27.68, a price-to-earnings-growth ratio of 1.54 and a beta of 1.03.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Thursday, January 29th. The financial services provider reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.37 billion. Nasdaq had a return on equity of 16.90% and a net margin of 21.77%.The business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period last year, the company earned $0.76 EPS. Analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 16th will be issued a $0.27 dividend. The ex-dividend date is Monday, March 16th. This represents a $1.08 annualized dividend and a yield of 1.3%. Nasdaq’s dividend payout ratio (DPR) is currently 34.95%.

About Nasdaq

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.